ASML (NASDAQ:ASML) Shares Up 5.6% – Here’s What Happened

Shares of ASML Holding N.V. (NASDAQ:ASML) traded up 5.6% on Tuesday . The stock traded as high as $1,999.96 and last traded at $1,989.44. Approximately 2,692,204 shares were traded during trading, an increase of 43% from the average session volume of 1,881,510 shares. The stock had previously closed at $1,883.11.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research note on Thursday, April 16th. Wall Street Zen cut shares of ASML from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Berenberg Bank reaffirmed a “buy” rating on shares of ASML in a report on Friday, May 8th. Barclays reissued a “buy” rating on shares of ASML in a report on Monday. Finally, Morgan Stanley restated an “overweight” rating on shares of ASML in a research report on Wednesday, June 3rd. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,772.62.

ASML Stock Performance

The business’s fifty day moving average price is $1,655.84 and its 200-day moving average price is $1,442.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 0.78. The stock has a market capitalization of $695.46 billion, a PE ratio of 63.44, a P/E/G ratio of 1.51 and a beta of 1.78.

ASML (NASDAQ:ASML) last issued its quarterly earnings data on Monday, March 30th. The semiconductor company reported $8.28 EPS for the quarter. ASML had a net margin of 27.65% and a return on equity of 48.69%. The company had revenue of $10.15 billion during the quarter. As a group, equities research analysts expect that ASML Holding N.V. will post 36.62 EPS for the current year.

Hedge Funds Weigh In On ASML

A number of institutional investors have recently added to or reduced their stakes in the business. Family Capital Management Inc. raised its stake in ASML by 0.8% in the fourth quarter. Family Capital Management Inc. now owns 919 shares of the semiconductor company’s stock valued at $983,000 after purchasing an additional 7 shares in the last quarter. 44 Wealth Management LLC raised its position in shares of ASML by 1.1% during the 4th quarter. 44 Wealth Management LLC now owns 657 shares of the semiconductor company’s stock valued at $703,000 after buying an additional 7 shares in the last quarter. Evolution Wealth Management Inc. lifted its holdings in shares of ASML by 22.6% during the 1st quarter. Evolution Wealth Management Inc. now owns 38 shares of the semiconductor company’s stock worth $50,000 after acquiring an additional 7 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of ASML by 0.3% during the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 2,232 shares of the semiconductor company’s stock worth $2,948,000 after acquiring an additional 7 shares during the last quarter. Finally, Sky Investment Group LLC grew its position in ASML by 2.1% in the fourth quarter. Sky Investment Group LLC now owns 384 shares of the semiconductor company’s stock worth $411,000 after acquiring an additional 8 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

ASML Company Profile

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.